2108 NE 85th Street, Seattle, WA 98115
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: grant fosheim
Office: opal blue real estate, llc.
MLS#:2593779
Source:NWMLS
2108 NE 85th Street,Seattle, WA 98115
$1,450,000
- - Beds
- - Baths
- 4,360 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,450,000
- Price per sq. ft.:$332.57
About this home
Six-unit apartment building in Seattle’s Wedgwood neighborhood, well managed with zero vacancies and zero delinquencies. All paperwork is in order, with pre-screened tenants, move-in reports, healthy security deposits and last month’s rent on file. Five of the six units have been renovated with new LVP, fresh paint and updated electrical packages, and three of those five also have remodeled kitchens and bathrooms. Major system updates include new electrical panels (2025), main sewer line replaced (2022), double-pane vinyl windows throughout (2025) and newer hot water tanks (2023). The heavy lifting is complete, allowing a new owner to take over operations with ease. The mix is two 1BD/1BA units (approx. 580 sf) and four 2BD/1BA units (approx. 800 sf) on a 7,841 sf lot. A large basement provides shared laundry and four storage units, and six off-street parking spaces offer additional income potential. The property is surrounded by new construction, reflecting continued investment in the area. Located in an established Northeast Seattle neighborhood near Green Lake, Seattle Children’s Hospital, the University of Washington, I-5 and the Roosevelt light rail station. Solid in-place rents produce a 5.74% cap rate today. By finishing renovations as units turn over and adding in-unit washers and dryers to the 2BD units, a new owner has a clear path to a 7.13% cap rate at market rents....
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Home facts
- Year built:1970
- Subdivision & Development:Wedgwood
- Listing ID #:2593779
- Updated:October 21, 2026 at 12:21 AM
Rooms and interior
- Flooring:Carpet, Laminate, Vinyl Floor, Vinyl Plank
- Living area:4,360 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Built Up
- Year built:1970
- Building area:4,360 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Wood Products Exterior Finish
- Exterior Features:Fenced-Partially
Schools
- High school:Buyer To Verify
- Middle school:Buyer To Verify
- Elementary school:Buyer To Verify
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$332.57
- Tax amount:$11,181 (2023)
Parking
- Total parking spaces:6
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